SLAM Exploration Seeks Permit to Mine Bulk Sample from Maisie Gold Vein

SLAM Exploration Ltd. announces it has applied for a permit to mine a 2,000 tonne bulk sample from the Maisie gold vein and has received a favourable response from the New Brunswick Department of Environment.

The Maisie gold vein is a high grade vein discovered by SLAM in 2012 on its wholly owned Menneval project in New Brunswick.

The Company proposes to extract the sample from known mineralization at surface using an excavator. No drilling or blasting is required for this program. The extracted material will be processed using small scale, gravity based equipment to separate the gold. No chemicals will be used in the process. The purpose is to develop environmentally sustainable techniques to extract gold, provide an estimate of the grade of the Maisie vein and demonstrate whether these veins can produce enough revenues for longer term mining operations. The response from the New Brunswick Department of Environment states that the proposed bulk sample program will not trigger an Economic Impact Assessment ("EIA") and that work can proceed on the proposed program. A License of Occupation that authorizes SLAM to complete this work is pending.